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- Japan to impose ban on Russia-bound exports of precious metals – Reuters
Japan to impose ban on Russia-bound exports of precious metals – Reuters
Citing an announcement from Japan's Ministry of Finance, Reuters reported on Tuesday that Japan will impose a ban on Russia-bound exports of precious metals, mainly gold, from April 5 as part of the latest sanctions over the conflict with Ukraine.
Market reaction
This headline seems to be helping gold recover modestly from the two-week low it set at $1,909 earlier in the day. As of writing, the XAU/USD pair was trading at $1,915, where it was down 0.4% on a daily basis.
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